Author: PPD Team Date: 12/05/2025
Reliance Power Limited reported improved financial performance for the fourth quarter (Q4) and fiscal year ending March 31, 2025.
In Q4 FY25, the company recorded total income of Rs 20.66 billion ($241 million) and EBITDA (earnings before interest, taxes, depreciation, and amortisation) of Rs 5.9 billion ($69 million). Profit after tax stood at Rs 1.26 billion ($15 million).
The company’s net worth rose to Rs 163.37 billion ($1.9 billion), while its debt-to-equity ratio improved significantly from 1.61:1 in FY24 to 0.88:1 in FY25. Debt servicing for the next 12 months is projected at Rs 53.38 billion, with the company highlighting zero bank debt and no defaults.
Operationally, the 3,960 MW Sasan Ultra Mega Power Project in Madhya Pradesh achieved a plant load factor (PLF) of nearly 87 per cent. The 1,200 MW Rosa Power Plant in Uttar Pradesh recorded availability of around 97 per cent.
Reliance Power also announced a 25-year power purchase agreement with the Solar Energy Corporation of India (SECI) to develop Asia’s largest integrated solar and battery energy storage system (BESS). The project will include 930 MW of solar capacity and a 465 MW/1,860 MWh BESS. The investment will total up to Rs 100 billion. Power will be sold at a fixed tariff of Rs 3.53/kWh.
The board has reappointed Shri Vijay Kumar Sharma as Independent Director for another five years and appointed M/s. Ashita Kaul & Associates as Secretarial Auditor.
Despite strong consolidated results, the company’s standalone performance showed a Q4 net loss of Rs 1.01 billion, primarily due to operational expenses and impairments.
Separately, Reliance Power allotted 105.5 million fully paid-up equity shares at Rs 33 per share, raising Rs 3.48 billion. Of these, 95.5 million shares were allotted to Reliance Infrastructure Limited, and 10 million to Basera Home Finance Private Limited. These were issued following the conversion of previously allotted warrants.